UPDATE 1-Gundlach: 'Fed wants to get off zero,' may hike rates in June

April 7, 2015 10:08 PM

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NEW YORK, April 7 (Reuters) - DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday that the Federal Reserve could raise interest rates in June if economic data stabilizes.

"The Fed wants to get off zero," Gundlach said on an investor and media webcast. The weak March payrolls report may not be enough to deter an interest-rate increase in mid-June, Gundlach said.

Also read: Fed Beige Book Shows ‘Mostly Positive’ Outlook for U.S. Economy

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